Oil really affected a lot of things this year as they say, but I am not sure whether that's true or not. The way I see it, everything is running on its own lane, and they don't really have anything to do with the other, unless there is an event that happens and affects everything. The stock market, not just the stock market, the cryptocurrency market as well, all declined in price.

The only thing I believe has caused the sudden decline in the world market earlier is the pandemic. That's the only thing strong enough to have such an effect. As for oil, I don't really see how it has anything to do with cryptocurrency or other stock markets.

In the olden days people were making use of gold, silver and other precious stones and metals to buy whatever they want, build houses, pay workers and a lot more. But as time goes on, things changed and they started making use of the paper money and we had Dollar, Euro, pounds, Yuan, and the rest of them.

So, if the cryptocurrency you're seeing now is going to become our main currency and replace the first we are using these days, before that happens it will be discussed by the government and they will all decide on what it's going to be. Although the way I see it, cryptocurrencies are going to be assets and won't replace fiat. They will just serve as another means for transaction.

The truth is that at this point of time the world should see themselves as one, but the funny thing is that they wouldn't , they will all still be selfish. Even if you're comfortable enough in this situation, there are still a lot of people out there who don't have enough.

If you have enough it's best to also give out to others. That is the only way we can all make it through this pandemic. If we all end up not helping each other , you might be in need of something and your neighbor will have that and not end up giving it to you. But like I said, it will be difficult for the world to be like this, it's left for the few that can do so to keep doing it.

I agree that with upcoming bull run, many people here will think about retiring early but I am sure no one will take the blender decision of cashing out all their cryptos. If you really believe into bitcoins then you must wait for the day when you will be able to lead a life only wait bitcoins. If you try to cash out all your bitcoins then you may get trapped with life's essential expenses as you cannot how cruelly inflation may grow everywhere.

Honestly if I get chances to get big money in upcoming bull run or with the next one which might happen after the next halving (the fourth one), then I will start a local business and will slowly cashout bitcoins for based on my next-next targets. I am one the true believer of crypto currencies with long term target for bitcoin at one billion dollars.

I would say not to use any indicators aside from the price and only the price. When you look at the price you clearly see when it goes down and when it goes up, just act accordingly and you can buy when it is low and when it is high. If you see price moving from 4k to 8k, DO NOT BUY bitcoin, even if it goes to 10k after that. When price is going up that is the worst time to buy bitcoin.

However if you see it go from 10k to 8k you could start thinking about buying bitcoin a lot more, sure that is still a little drop and not enough to go all in, that type of small drop is when you go in a bit, still go in because you can make a profit, but not all in. However if you see it go to 6k after this, you can go all in. Believe me eventually it will be 10k again in 1 year after you buy at 6k.

I think a lot of people used to fail this and I don't know why. You are right though. The way it was explained on the Bitcoin blog is that the value of bitcoin is backed by mathematics, and is all about the trust we have in it. So, that's the utility you have mentioned. If we as the people do not trust it and we decide to drop or from investing in it, then bitcoin is going to fail. So, we the community are the ones that are creating the value and backing Bitcoin. Some people usually get this wrong at times.

In other words, when someone is ready to give something a price then it will get that value. When someone will be ready to buy by convincing the seller? Only when the buyer is confident about selling it again for profits. This is what happening exactly with all commodities and with bitcoin as well.

Okay, this is starting to turn into a joke . How about the government get him arrested and ask him to reveal the identity of Satoshi Nakamoto, if it's really that serious lol? I don't know why he keeps repeating it everyday that he knows who Satoshi's Nakamoto is, like who cares? I guess he's just doing this to save himself from shame, because he already lied at first that he knows Satoshi Nakamoto and would be revealing him in a few days which he failed to do.

Now he might be saying this to make seem like he really knows him, while the truth must be complete different. McAfee is owning/sponsoring many cryptos and to promote them, he might be doing this kind of stunts, who knows?

The way I see it, you're wrong about this. You only got interested in investing your money in cryptocurrency because you have enough money I guess. But that's not the case for most people right now. There are lots of people who don't even have enough food not to talk of having extra money to put off as an investment. And in most countries there are those who have lost their jobs.

Most of my friends that came to me recently to teach them about cryptocurrency are not talking about investment, they are talking about making money right now with Bitcoin, and I told them it doesn't work like that. But I did recommend that there are other things they can do, like the bounty campaign, but that will also take time for them to build their account from newbie to at least junior level.

Lol you're saying the truth man, there are a lot of bad projects these days, and it is really annoying. The thing is that creating a project is easy these days and a lot of people just want to jump on it, Ethereum has made it easier for them and they are now rushing and creating whatever they want.

Most of them don't have any plans, and some of them are copying ideas of other people, there are also those who their main intention for creating the project is just scam investors and these bad projects are so many to the extent you will be finding it hard to get a good project to invest in. There are some you will invest your money in and they will seem to be profitable in the long run and before you know it, they will turn to something else.

Lol did you just mention Jaxx? The last time I checked their application was unstable and it was really annoying and slow in loading. Unless the case was different for you. I don't even mention Jaxx whenever I am asked about the best cryptocurrency wallets.

The first one I usually mention is the Trust wallet, and it's really a good wallet. I am not the type that makes use of open wallets because they are quite annoying and don't meet up to my standard of having a good look and a simple design, rather they are always clustered. But that's not the case with Trust wallet, it has a good interface and it's also secure and that's what's trending right now for mobile users.

Everyone and their own way of trading. But to be sincere there is nothing wrong with what you have said, anyone that wants to sell their coins now can go ahead and sell it now.

Just like me, there are times I do have target when I invest in bitcoin and once I reach that my target, I don't hesitate to sell the coins and cash out my profit. And there are also times when I just make up my mind to keep on holding the coins for a very long time without selling them. And you might be right, now that the halving is approaching, there might be a lot of people who are scared that they are not sure of what the halving brings and might decide to sell now since they have made some profit.

The hospital scam was trending when the coronavirus started earlier. I saw so many reports about hospitals that their systems were blocked by hackers who were requesting bitcoin as payment. It's really bad that some people have chosen to use bitcoin for nothing else than for bad. When situations like these are on the rise, it makes a lot of people out there to view bitcoin as a negative thing. And it's things like this that can also make the government to hate cryptocurrency.

But what more can we do? There is really nothing we can do than to just watch. Everyone has to be very careful and stay clear from all these scammers, if not you will lose your money to them.

Bitcoin has been through going from 20k all time high price to 3k bottom, that is a HUGE drop that no altcoin has recovered from, ethereum was around 1500 dollars and reached to 200 dollars just recently, was even lower, around 100 dollars and last year bottomed at around 80 dollars for a while.

So, as you can see the market has always been something horrible already, I do not think that there are people who would look at the market right now and think that this is much worse compared to those times. This is even better because all other markets will be hurt whereas bitcoin will be on the same playing field whereas that one was just crypto and everything else was doing fine. Hence I think if we came over that time and peaked over 10k again and even reached to 14k once, I think we can recover from this as well, we even probably already did as well.

I hate it when altcoins are affected even more than bitcoin, why would altcoins be affected this much when bitcoin is already recovering. I mean look at bitcoin right now, it is already around 9k once again, if the bitcoin price is going that much why would altcoins not recover as well? They should recover in all sense and purposes.

In any case I would like to say that altcoins have a bigger upside right now, and that is what matters when you make a long term investment. Bitcoin could go x2, probably go x3 at the very best case and even that is a big stretch. However ethereum could literally go x5 right now and wouldn't be hard, and there are some coins that could go x10+ right now. I am not saying they will, but there is that potential that is not around for bitcoin.

There has been a lot of increases and decreases recently all due to the halving, we really don't know what is going to happen but it started to feel a lot like a pump and dump with a reason honestly. Right now there are way too many people who think that bitcoin is going to go up because of the halving, there is also a lot of people who think bitcoin will go down as well.

I am not sure which one I am right now but I can see that some rich people have waited until bitcoin increased in order to sell, they waited and saw people were getting optimistic and increased the price because of halving. After the price reached a new high, they basically sold right away to take that profit instead. It makes sense for them since otherwise they would have made less money and this way they sold bulk on higher price.

I think it doesn't matter the amount one puts into trading rather it is all about the percentage of finance you are putting at risk with each trade. I mean someone who is rich it might be safe to put $500 initially but it is worth note that the amount per trade isn't too big because trading and gambling are separated by a thin line and if you are putting too much on each trade you are basically gambling.

Also like you said no matter the amount you must have a good and working strategy, where I mean strategy is nothing but basically trading knowledge because as more and more trading you do, you might face some loss but at the end you at least learn from each mistake and each loss which makes you less prone to poor trades in future and that is what the aim of a perfect trader should be, rather than looking to make quick profit.

Look I do agree that these so called premium groups are nothing but either scammers or overconfident people who seem to think they can predict price at their will and trusting them will either give you fake confidence (if their prediction goes right) or you gonna loss which makes them loose nothing. So, yes I agree never use those groups.

BUT bots are very different if you are using a trusted source bot then you are actually making the bot do the tiring work of executing trades and making quick decisions and there are some bots like someone told me gunbot (I never used is, so please don't take my word) is really good. You can just enter some data that will be used to make trades and yes there can be loss but the bot is just there to reduce the manual tiring repeated work and automate some tasks.

I will suggest you to try the leverage trading which allows you to trade with much more funds and you can learn about trading losses by actually not investing much, when I recently started to consider trading as a serious task, I went to Binance and used their leverage trading option where they gave me 5x more money which I will put and the interest if I remember it right was 0.001% hourly which is negligible if you are a serious trader.

Apart from that I believe basic knowledge about bitcoin is must as OP mentioned and that helps you understand the mechanism like when halving will happen, how it will impact the price and market and other essential information can be used wisely in trading.

Bitcoin ain't a instrument, maybe you wanted to say asset.

Yeah I agree that halving will make bitcoins more and more precious because if the bitcoins were not going through the halving period all the bitcoins would be mined by now and the value would have been significant much lower than what it is now. Halving just adds some more stability and as we know "scarcity is the key to value" and as miners find it more difficult to mine new bitcoins the current existing ones will benefit from that.

Let's see how it goes and the price has already grown quite nicely and might be a little drop when halving happens then slowly increases.

Also there are a lot of people who are buying and getting into bitcoin because they really believe in what it stands for and I think that was a big reason why it even started to become and increase the price as well. I mean think about it why did the bitcoin was created by the Satoshi Nakamoto himself? Do you really think he just wanted to be rich and that is why he created it? No, it was because in 2008 there was banks and there was government that was basically working to make the rich people richer and they were helping the richer people while not doing anything for the poor people and left the playing field unfair.

So, the purpose of bitcoin was basically just to get bitcoin to be the alternative and if you think government and banks and FED is just working against you and helping rich people, you could move to bitcoin and just keep it there because it is decentralized and they couldn't touch it and that is very powerful.